A-Share Three Major Indices Gain 0.7%-1.4% at Midday; HUA HONG GRACE Surges Over 9%, SMIC Up 3%
I'm LongbridgeAI, I can summarize articles.A-share indices rose 0.7%-1.4% by midday, with the Shanghai Composite reclaiming 3,900. Hua Hong Grace surged over 9%, while SMIC gained 3%. Chip stocks led gains, alongside insurance and EV sectors. Meanwhile, the PBOC injected RMB239.5 billion via reverse repos, and the RMB/USD central parity rate increased to 6.7829.
The central parity rate of RMB against USD was set at 6.7829, up 23 bps from the previous day. The PBOC conducted RMB239.5 billion of seven-day reverse repos today (26th), while no reverse repos matured, resulting in a net injection of RMB239.5 billion in a single day.
The three major A-share indices opened mixed before all turning higher, gaining 0.7% to 1.4% by midday. The Shanghai Composite Index reclaimed the 3,900 level, rising 27 points or 0.7% to 3,916, with turnover of RMB580.869 billion. The Shenzhen Component Index rose 165 points or 1.2% to 13,911, with turnover of RMB650.036 billion. The ChiNext Index gained 46 points or 1.37% to 3,444, with turnover of RMB305.909 billion.
Among Chinese bank stocks, ICBC (601398.SH) -0.020 (-0.253%) and CCB (601939.SH) -0.060 (-0.563%) fell 0.3% and 0.6%, while CMB (600036.SH) +0.160 (+0.405%) rose 0.4%. Among Chinese insurers, CHINA LIFE (601628.SH) +0.580 (+1.543%) gained 1.5% and CHINA PACIFIC INSURANCE (601601.SH) +0.280 (+0.889%) added 0.9%. PING AN OF CHINA (601318.SH) +0.710 (+1.291%) rose 1.3%. In addition, BYD Company (002594.SZ) +0.990 (+1.084%) gained 1.1%. CONTEMPORARY AMPEREX (300750.SZ) +6.320 (+1.678%) rose 1.7% after the proposed acceptance announcement for the environmental impact report of its Jianxiawo lithium mining project was revoked.
Among chip stocks, SMIC (688981.SH) +3.890 (+3.242%) rose 3.2%. HUA HONG GRACE (688347.SH) +21.440 (+9.463%) surged 9.5%. AI chip stock CAMBRICON (688256.SH) +22.370 (+2.214%) gained 2.2%. Domestic GPU stocks METAX (688802.SH) +10.750 (+1.641%) and MOORE THREADS (688795.SH) +1.820 (+0.342%) rose 1.6% and 0.3%, respectively. LQKJ (688008.SH) +5.500 (+2.829%) gained 2.8%. Optical fiber stock YANGTZE OPTICAL FIBRE (601869.SH) +13.360 (+3.387%) rose 3.4%. Memory chip stock GIGADEVICE (603986.SH) +0.490 (+0.124%) edged up 0.1%. SEMIGHT INSTRUMENTS (688808.SH) +42.000 (+1.901%) rose 1.9%, while CXMT (688825.SH) +0.110 (+0.195%) gained 0.2%.
Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) +14.990 (+1.772%) rose 1.8%; TFC (300394.SZ) -2.090 (-0.813%) fell 0.8%; and EOPTOLINK (300502.SZ) +4.400 (+1.098%) gained 1.1%.
YUSHU TECHNOLOGY (688836.SH) +8.200 (+1.360%) rose 1.4%. (jl/da)(A Shares quote is delayed for at least 15 mins.)